PRESS RELEASE. INTERNET CITY, DUBAI, Feb. 17, 2022 – LBank Exchange, a global digital asset trading platform, will list Marhaba Network (MRHB) on February 17, 2022. For all users of LBank Exchange, the MRHB/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on February 17, 2022.
As an ethical decentralized financial platform, Marhaba Network (MRHB) DeFi aims to bridge the gap between the Muslim community and the blockchain world. But as the name Marhaba which means “Welcome” in Arabic indicates, it has a vision of bringing a platform that includes all communities, rather than making it an offering exclusive to only Muslims. MRHB, the utility token of the platform, will be listed on LBank Exchange at 21:00 (UTC+8) on February 17, 2022, to further expand its global reach and help it achieve its vision.
Introducing MRHB DeFi
MRHB DeFi is an ethical decentralized financial platform that encourages participation in this new era of financial revolution and aims to uphold halal standards within cryptocurrency offerings via a user-friendly interface that simplifies the complexities of DeFi. Through its technical expertise and extensive knowledge of how the Islamic ecosystem works, MRHB DeFi will aim to bridge the gap between the Muslim community and the blockchain world.
MRHB DeFi is a platform built to promote the true spirit of an “Inclusive DeFi”, where all communities, including the ones from the Islamic world, can reap the rewards of DeFi. Based on the core principles of blockchain such as trust, transparency, and security, MRHB DeFi has focused on encapsulating Islamic Finance principles in the blockchain. Smart contracts play a crucial role in the MRHB ecosystem, they are set to prohibit the use of any ‘haram’ assets, ensuring that halal principles are upheld while trading or investing in cryptocurrencies.
The platform offers numerous products and services, including Sahal Wallet, a non-custodial iOS and Android wallet that allows only compliant tokens to be stored, transacted, and managed by the user; Souq NFT, a cross-chain “no-code” marketplace to encourage and promote Islamic arts and contemporary calligraphy; Liquidity Harvester, a cross-chain passive income generator (5 – 15%) for the masses; Cross-Chain DEX Aggregator, an aggregator serving to bring the best rates with minimal slippage and TX fees wherever possible; Interest-Free Lending and Borrowing; DePhi Protocol, a decentralized philanthropy protocol relying on ZK-Snarks privacy to maintain privacy and anonymity; Launchpad, a decentralized cross-chain Launchpad funding and building the start-ups of tomorrow within the blockchain space; Governance and DAO, a DAO handed over to MRHB holders via governance.
Powered by a team of dedicated experts in the fields of finance, technology, and Islamic finance & theology, MRHB DeFi welcomes all to a world full of decentralized financial opportunities.
About MRHB Token
MRHB is a utility token that is initially minted on the BSC. It will be used to facilitate the entirety of the MRHB ecosystem. The MRHB token is Halal and will maintain compliance throughout its existence. It has utilities in platforms and services such as NFT Minting Platform, NFT Marketplace, Liquidity Harvester, Sahal Wallet, MRHB Launchpad, MRHB DEX, Incentivisation, and Governance.
The MRHB DeFi ecosystem has a total supply of 1 billion (i.e. 1,000,000,000), which means that the number of tokens that will ever be minted for the platform will be a maximum of 1 billion, and this number can never be changed. 30% of it is sold as a part of the seed round, 3% is sold as a part of the strategic round, 9% is provided for the pre-IDO public sale, 1% is provided for the IDO sale, 7% is provided for strategic partnerships, 15% is allocated to the team, 5% is allocated to advisors, 10% is provided for platform rewards, and the rest 20% is provided for the treasury.
The MRHB token will be listed on LBank Exchange at 21:00 (UTC+8) on February 17, 2022, investors who are interested in MRHB DeFi investment can easily buy and sell its token on LBank Exchange then. The listing of MRHB on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about MRHB Token:
Official Website: https://mrhb.network
Listing Announcement on LBank Exchange: https://support.lbank.site/hc/en-gb/articles/4419379306777-MRHB-Marhaba-Network-will-be-listed-on-LBank
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from more than 210 regions around the world.
Start Trading Now: lbank.info
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LBK Blockchain Co. Limited
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